Pantera: 2023 will be a great time for blockchain entrepreneurship

2023-01-24 10:29:17

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ChainCatcher news, the encrypted fund Pantera Capital officially released an investor letter titled "The Year Ahead," which pointed out that Bitcoin has outperformed Tesla, Meta, and PayPal in the past 12 months. CEO Dan Morehead believes that the market bottom has passed and stated, "Bitcoin has bottomed out, and the market will soon see an appreciation trend in on-chain assets. Over the past 13 years, the average annual appreciation rate has reached 2.3 times."

Pantera Capital's general partner Paul Veradittakit revealed that DeFi and gaming remain the verticals with the most investment, followed by consumer applications, CeFi, on-chain infrastructure, and development infrastructure. Pantera Capital believes that 2023 will be "an excellent time for blockchain entrepreneurship." The VC industry raised $121 billion in the first half of last year, and many venture capital firms are waiting to deploy these funds into the crypto space. (source link)

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